Shares of The Finish Line, Inc. (NASDAQ:FINL) have earned an average rating of “Hold” from the twenty-four brokerages that are currently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a sell recommendation, seventeen have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $10.53.

FINL has been the subject of several recent analyst reports. Robert W. Baird downgraded The Finish Line to a “neutral” rating and decreased their target price for the company from $15.00 to $8.00 in a research note on Tuesday, August 29th. They noted that the move was a valuation call. Susquehanna Bancshares Inc downgraded The Finish Line from a “positive” rating to a “neutral” rating in a research report on Monday. Canaccord Genuity set a $14.00 price objective on The Finish Line and gave the stock a “hold” rating in a research report on Thursday, June 22nd. UBS AG reiterated a “sell” rating and issued a $9.00 price objective (down previously from $14.00) on shares of The Finish Line in a research report on Monday, August 21st. Finally, Wells Fargo & Company reduced their price objective on The Finish Line from $12.00 to $9.00 and set a “market perform” rating for the company in a research report on Sunday.

Shares of The Finish Line (NASDAQ:FINL) traded down 3.14% during midday trading on Wednesday, hitting $11.12. The stock had a trading volume of 1,442,093 shares. The firm’s market cap is $446.95 million. The Finish Line has a 12-month low of $6.90 and a 12-month high of $24.50. The firm has a 50-day moving average of $10.19 and a 200 day moving average of $13.29.

The Finish Line (NASDAQ:FINL) last announced its earnings results on Friday, September 22nd. The specialty retailer reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. The Finish Line had a positive return on equity of 5.44% and a negative net margin of 2.13%. The firm had revenue of $469.40 million during the quarter, compared to the consensus estimate of $478.25 million. During the same quarter in the prior year, the company earned $0.53 EPS. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. On average, analysts expect that The Finish Line will post $0.54 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Friday, August 25th were issued a dividend of $0.11 per share. The ex-dividend date was Wednesday, August 23rd. This represents a $0.44 dividend on an annualized basis and a yield of 3.96%. The Finish Line’s dividend payout ratio is -45.83%.

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In related news, COO Melissa A. Greenwell sold 7,525 shares of the firm’s stock in a transaction on Saturday, July 15th. The stock was sold at an average price of $22.71, for a total transaction of $170,892.75. Following the completion of the sale, the chief operating officer now directly owns 11,862 shares of the company’s stock, valued at approximately $269,386.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Melissa A. Greenwell sold 4,077 shares of the firm’s stock in a transaction on Saturday, July 29th. The shares were sold at an average price of $21.67, for a total value of $88,348.59. Following the sale, the chief operating officer now directly owns 11,862 shares of the company’s stock, valued at $257,049.54. The disclosure for this sale can be found here. Company insiders own 6.00% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Thompson Siegel & Walmsley LLC increased its holdings in The Finish Line by 8.2% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,917,439 shares of the specialty retailer’s stock valued at $27,170,000 after purchasing an additional 146,110 shares in the last quarter. Numeric Investors LLC increased its holdings in The Finish Line by 34.6% during the 2nd quarter. Numeric Investors LLC now owns 1,845,310 shares of the specialty retailer’s stock valued at $26,148,000 after purchasing an additional 474,200 shares in the last quarter. Boston Partners increased its holdings in The Finish Line by 2.7% during the 2nd quarter. Boston Partners now owns 1,794,536 shares of the specialty retailer’s stock valued at $25,429,000 after purchasing an additional 47,012 shares in the last quarter. State Street Corp increased its holdings in The Finish Line by 6.5% during the 2nd quarter. State Street Corp now owns 1,470,739 shares of the specialty retailer’s stock valued at $20,840,000 after purchasing an additional 90,370 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in The Finish Line by 1,730.8% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 602,745 shares of the specialty retailer’s stock valued at $8,541,000 after purchasing an additional 569,823 shares in the last quarter. 99.94% of the stock is owned by hedge funds and other institutional investors.

About The Finish Line

The Finish Line, Inc is a specialty retailer. The Company is a retailer of athletic shoes, apparel and accessories for men, women and kids, throughout the United States and Puerto Rico. The Company operates through the Finish Line brand. Finish Line is a retailer of athletic shoes, apparel and accessories.

Analyst Recommendations for The Finish Line (NASDAQ:FINL)

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